Examine This Report on 922 loans

Examine This Report on 922 loans

Blog Article

(vi) The system have to provide for these further needs for service requirements as can be required with the Secretary.

(bb) the typical per capita revenue of your citizens getting electric service with the applicant is a lot less than the normal per capita money of your citizens of your State in which the applicant delivers support, or maybe the median household cash flow of your homes receiving electrical service within the applicant is below the median household profits from the homes from the State.

An suitable entity that receives a grant less than the Program shall make use of the grant to carry out a challenge that—

The Secretary could generate a bank loan less than this segment to an unexpected emergency interaction gear supplier to extend or boost 911 entry or other communications or systems explained in subsection (a) In the event the regional authorities which includes jurisdiction above the job is not really authorized to amass the credit card debt resulting from the financial loan.

Extensions underneath this segment shall not be granted Except the borrower initially submits with its request possibly—

Only persons who will be about the age of majority and who can variety legally binding agreements might use this Site.

(i) the amount of quarterly payment dates between the date with the refinancing or prepayment and also the maturity date to the bank loan progress; bears to

Yearly, the Secretary shall submit on the Congress a report that describes the extent of participation in the broadband support plans administered via the Secretary for your previous fiscal year, like an outline of—

(3) the borrower certifies that any savings from these kinds of prepayment will be passed on to its shoppers or used to Enhance the money toughness from the borrower in situations of monetary hardship.

Besides as delivered in clause (ii), subparagraph (A)(ii) shall not use to an read more incumbent company service provider from the portion of a proposed assistance territory by which the company is upgrading broadband services to satisfy the least acceptable standard of broadband service proven underneath subsection (e) for the existing territory on the incumbent service supplier.

(ii) The applicant is able of producing net money or margins ahead of desire of not under one hundred pc (but not more than 300 percent) on the desire specifications on all the fantastic and proposed loans of the applicant.

(iv) The average number of subscribers per mile of line in the region included in the proposed loan isn't much more than seventeen.

Clause (i) shall not use In case the applicant is eligible for funding under another subchapter of this chapter.

(iii) The plan must persuade and boost Personal computer networks and knowledge highways for subscribers in rural parts.